NEAR

Near

NEAR is testing the primary support at 1.2854$ at the 1.29$ level, holding in the downtrend is critical. Resistances at 1.32$ and 1.4053$; BTC correlation is increasing the downside risk.

TLDR: NEAR generated $15.6M in revenue within the first four months of 2026, signaling strong protocol-level growth momentum. The protocol’s 34x price-to-sales ratio sits below Solana’s 40x and far under Ethereum’s 200x, suggesting relative value. Analysts project NEAR’s annual r...

As of May 1, 2026, the "Modular L1" narrative is attempting to reclaim the spotlight from the dominant Ethereum L2 ecosystem. Both Avalanche (AVAX) and NEAR Protocol (NEAR) are positioning themselves as core infrastructure for the modular era, though they are currently doing so from a "second-tier" position relative to Solana and top-tier rollups like Arbitrum and Base. The current market regime for both assets is "repair mode". While short-term trends are slightly positive, both tokens remain well below their prior cycle peaks, suggesting they are contenders in a crowded field rather than undisputed leaders. Avalanche (AVAX): Subnet Hub With Real Usage Source: tradingview Avalanche remains the most mature "L1 as a rollup hub" story outside of the Ethereum ecosystem. Its subnet architecture allows for dedicated app-chains with specific control over fees and MEV, which has attracted live projects in gaming, DeFi, and enterprise sectors. Technical & Fundamental Outlook: EVM Advantage: AVAX benefits from full EVM compatibility, making it a low-friction destination for existing Ethereum teams. The L2 Shadow: AVAX faces significant headwinds as many teams that might have launched subnets in 2021 are now choosing Ethereum L2s like Arbitrum or Blast to inherit Ethereum's native security and liquidity. Liquidity Fragmentation: There is a persistent risk that subnets fragment the user experience and liquidity unless routing and shared liquidity solutions become significantly stronger. Verdict: AVAX is a top-tier infra brand, but it currently trades as a cyclical L1 overshadowed by the massive momentum of Solana and the "monolithic" narrative. NEAR: DA + Chain Abstraction With Cleaner Trend Source: tradingview NEAR Protocol has pivoted successfully into the modular design space by offering NEAR DA (Data Availability) as a cheaper alternative to Ethereum mainnet for rollups. Technical & Fundamental Outlook: UX Lead: NEAR’s focus on "chain abstraction"—utilizing human-readable accounts and social logins—provides a smoother onboarding experience for consumer-facing apps compared to many peers. Market Favor: Recently, NEAR has exhibited a cleaner short-term uptrend than AVAX, with price holding above short- and medium-term moving averages and momentum indicators in healthy zones. Adoption Hurdles: Despite the clean trend, NEAR still trails L2s and Solana in mindshare, total value locked (TVL), and derivative volume. Verdict: NEAR currently looks like the more agile modular bet among non-ETH L1s, but it is still fighting for a place in a market where "modular" is heavily associated with specialized layers like Celestia or EigenDA. Conclusion For AVAX and NEAR to truly front-run a modular trade, they must move beyond episodic usage and prove they can capture high-quality projects for reasons beyond short-term incentives. Key signals for a re-rating include: Technical Breakouts: Both assets must reclaim and hold above their 200-day moving averages for weeks, not just days. Sustained Metrics: Verifiable growth in daily active users and fee revenue from DA usage (for NEAR) or subnet architecture (for AVAX). L2 Share Gains: Demonstrable share gains against Ethereum L2s in terms of developer attention and liquidity. Until these conditions are met, they are likely to remain important but second-tier options in the scaling race—highly relevant to traders but not yet the first choice for the broader market’s capital. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

On NEAR, with RSI at 44.54 indicating neutral momentum dominance, the MACD negative histogram continues bear pressure. Bearish trend below EMA20, supported by BTC correlation; $1.2933 support is cr...

On-chain data revealed that a cryptocurrency platform was hacked and a large portion of its tokens were stolen. Continue Reading: An Altcoin Got Hacked; Most of the Supply Fell into the Hackers’ Hands

The Sweat Economy ecosystem is facing a critical security breach after roughly 13.71 billion SWEAT tokens were suddenly withdrawn from multiple wallets controlled by the Sweat Foundation in seconds. The incident occurred suddenly on April 29, 2026 and represents one of the largest token extraction events in recent decentralized finance (DeFi) history. SWEAT Token Drop About 50% In A Month – Source: CoinMarketCap On-chain data shows that the attack occurred over a 30-second window starting at 13:36 UTC. In this time window, numerous wallets associated with the foundation were fully emptied to zero balances. What we observe in terms of speed and cooperation indicates a high level of planning and technical professionalism.The scale of the breach is especially worrying since the tokens were about 65% of total circulating SWEAT supply. The swift transfer of even this broad range of tokens from wallets it controls has raised alarm over the integrity of the Sweat Economy ecosystem & market stability. Community Alert: Ongoing exploit on @SweatEconomy on @NEARProtocol . Exploiter: 3be304b2151870b2be88b9de0b80acab921337ad152584138bd852fc6e9ae018 Largest exploit tx: DvrSMfY85Anc6AuLUmoEDkDdab7qX5NUZLu76HN8NoPn — Blockaid (@blockaid_) April 29, 2026 Customized Drainer Contract And Instant Transactions Attack Further analysis shows the attacker had employed a custom drainer contract designed specifically for this execution of the attack. According to reports, this contract associated with an “exploit-resolve” module built in Rust enabled rapid token extraction and transfer over multiple wallets. This attack was almost instantaneous, dissimilar from most exploits that happen over long periods of time. The fact that several wallets were drained at the same time, reflects a high degree of automation and evidence of pre-attack preparedness, which are quite different from opportunistic attacks. At the time of writing, blockchain records indicate that the attacker regained control over nearly 17.71 billion of the SWEAT tokens worth about 3.46 million US Dollars ($3.46 million). These figures also include assets traveling through the different stages of the exploit’s transaction pipeline. An in-depth analysis unpacks roughly $2.68 million kept within a mainset aggregation wallet, around $761,000 channeled through an intermediary staging address, and the residual, around $20m, previously exchanged into alternative assets like NEAR and USDC. Multiple Sweat Foundation accounts were drained to zero in a single ~30-second window starting 2026-04-29 13:36 UTC. Total extracted: ~13.71B SWEAT (~65% of supply). Funds are being routed via Ref Finance and Wormhole/Portal Bridge. The exploiter address is running a custom… — Blockaid (@blockaid_) April 29, 2026 Funds Funneled Through Ref Finance And Cross Chain Bridges The attacker then passed the stolen tokens through a number of DeFi channels, apparently to hide the source of original funds and make it more difficult to track. In particular, transactions went through Ref Finance, the largest DeFi based on the NEAR Protocol network. In addition to on-chain swaps, the attacker also used cross-chain bridges (such as the Wormhole / Portal Bridge) to move funds between heterogeneous blockchain ecosystems. Deploying this tactic disperses assets to various ledgers and jurisdictions, making it more difficult for forensic activities. Bridging protocols create tremendous complexity for investigators, since transfers across chains present both technical and legal hurdles. Fragmentation of asset trails hampers coordinated recovery and enforcement actions. However, all blocks and transactions are stored entirely in public databases known as block explorers, which allow one to follow wallets real time since blockchain is inherently transparent. Security firms and on-chain intelligence platforms are still tracking fund movements as the situation unfolds. Security Concerns As Community Is Waiting For The Reply The exploit has caused a stir in the DeFi community, mainly because of the size of the breach and because it specifically attacked wallets controlled by benevolent deeds performing entities. Notably, no official statements regarding the effect on user funds included in the data available as of press time, but the seriousness of the attack raises urgent concerns about whether sufficient security safeguards exist within the protocol. As investigations continue, community alerts have warned users to beware of contracts or marketplaces linked with the investigation. This incident points to the importance of continuous surveillance for anomalous activity on the network with a short notification time of investigator engagement and prompt incident response that is consistent in decentralized ecosystems. The immediate focus on Sweat Economy is containment, forensic investigation and regaining the confidence of its users and stakeholders. The mere loss of 99%+ of the supply in and out, is not something that tokenomics or a dynamic ecosystem can navigate well as it also dramatically increases the volatility risk profile over the long term. On a larger level, this incident highlights the ongoing weaknesses in DeFi infrastructures. As these platforms grow in size and complexity, both the incentives for attack and the means by which they can be successful also increase, making security a necessary shift from being considered a feature to being treated as an essential basis of existence within the blockchain environment. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

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Litecoin developers published a postmortem on Tuesday confirming two related security incidents tied to a critical Mimblewimble Extension Block validation bug that allowed an attacker to fabricate an 85,034 LTC pegout in March 2026 and later trigger a 13-block chain reorganization in April that hit Thorchain and NEAR Intents. Key Takeaways: A Litecoin MWEB validation

NEAR is consolidating at $1.34 in a sideways market structure; the $1.3282 support holds bullish hope, while the $1.3610 resistance carries bearish risk. BOS levels will clarify the trend direction...